DTN Daily Ethanol Comments
Rick Kment DTN Analyst
Mon Nov 4, 2013 03:27 PM CST

Ethanol futures turned sharply lower in front-month November futures following lack of direction in corn markets Monday. November futures fell 5 cents per bushel, moving to $1.72 per gallon. This is quickly eroding the price spread between the November and December contract months. All other nearby contracts are still trading from $1.60 to $1.64 per gallon after seeing fractional price shifts Monday. This could put more emphasis on selling off front-month contracts in order to align with a tight price range through the end of the year and well into 2014. The lack of direction in the corn market continues ...

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